15706-15708 Pomerado Rd
Poway, CA 92064
Pomerado Professional Plaza · Office Property For Sale

Cushman & Wakefield is pleased to present the opportunity for qualified investors to acquire fee-simple interest in Pomerado Professional Plaza, an attractive multi-tenant medical office building in the City of Poway, CA. Located across the street from Palomar Medical Center Poway, the property benefits from its proximity to the hospital campus without any of the typical restrictions of on-campus space. Seller has recently invested millions into building systems, common area improvements, exterior enhancements and tenant improvements which brought occupancy up from 55% to 86% in just 3 years. The remaining lease-up of vacant space and the ability to push rents provides an attractive value-add opportunity for investors supported by a reliable stream of in-place cash flow. The weighted average remaining lease term is over 4 years and in-place rents are 8% below market.